The US unemployment claims are announced on Thursday at 15:30 MT time.
GBP/USD finds a support
During the conference in Hague, German Chancellor Angela Merkel said that the EU would find a backstop solution by October 31 (Brexit deadline). GBP/USD positively reacted to her comments and jumped by more than 140 pips. At the moment of writing, the cable has been testing the resistance at 1.2250. If this level is broken, the next resistance will lie at 1.23. If bears take over the market, the pair will reverse towards the 1.2108 level. The next key level for bears will be placed at 1.2042.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.